The Caribbean is leading the way in immigration investment due diligence: CS Global Partners

London, Dec. 23, 2022 (GLOBE NEWSWIRE) — The global market for immigration investment is expected to grow exponentially, with big growth spurts already witnessed during the international travel restrictions imposed by countries across the world as a result of the Covid-19 pandemic. As immigration and border control become increasingly important to countries and nations across the world, the role of immigration and investment due diligence grows.

As the longest-standing and most credible citizenship by investment programmes are found in the Caribbean, we take a look at what these nations can teach us about this growing industry.

What is immigration and investment due diligence?

In a nutshell, due diligence usually refers to the research that is done on a person or entity before engaging in a financial transaction. When it comes to immigration and investing, it means that certain background and other checks are performed on the applicants that are hoping to immigrate or invest in in a particular country or region.

Each territory that an applicant seeks to invest in will have its own requirements. This also applies to citizenship by investment (CBI) programmes, the first of which was launched globally in 1984 by the twin-island nation of St Kitts and Nevis in the Caribbean.

Why is investment immigration due diligence important?

Different countries award citizenship in different ways. Some countries award citizenship by virtue of birth in that country, descent from a parent who is a citizen, or by naturalisation, for example through marriage to a citizen or through an extended period of residence in that country. Citizenship by investment programmes allow successful applicants to obtain citizenship by virtue of a significant investment in a country.

Many families and entrepreneurs turn to citizenship by investment programmes as an alternative form of asset diversification. Global uncertainty is driving the desire among wealthy individuals to incorporate second citizenship as part of their portfolios. However, countries offering CBI programmes still require that applicants be strictly vetted before being granted citizenship. This is to maintain certain standards of the CBI programme and to ensure that applicants comply with certain national and international standards to support safety and security, as criminal background checks are also included in the vetting process.

For more on the requirements for Caribbean CBI programmes, see here.

How is the Caribbean leading the way?

As the acceptance of funds from CBI programmes provide a high level of risk for most banks operating in the Caribbean, as there is usually only one US bank providing corresponding banking services in each of the CBI countries, banks in the Caribbean tend to exercise extreme caution when vetting new customers. Local Caribbean banks therefore exercise their own vetting processes on each CBI applicant before allowing funds from the applicant to enter the local banking sector. As this forms such an important part of the success of each application, this vetting process is usually done before the applicant’s application is submitted to the recipient government’s CBI unit for processing. This dual process of vetting by the bank as well as vetting by the government agency in charge of CBI adds a necessary and additional level of security to CBI programmes in the Caribbean.

For example, the Dominica CBI due diligence process covers four steps: know-your-customer checks performed by local authorized agents; internal checks including anti-money laundering and counter-terrorism financing vetting by the Citizenship by Investment Unit; mandated international due diligence firms perform online and on-the-ground checks; and regional and international crime prevention bodies check that you are not on any wanted or sanctions lists.

Caribbean governments have also been hard at work to continue making improvements to their CBI programmes and to ensure the quality of their programmes and of the applicants accepted through its programmes. St Kitts and Nevis has recently welcomed a new government administration into power and which has already announced changes to strengthen their CBI programme. In a recent move, a new head of its CBI unit has been appointed.

Caribbean countries have very open and strong relationships with international parties and are always on the lookout at what international law enforcement is saying. For example, security concerns coming out of international law enforcement always trump due diligence service providers. If a due diligence agent gives an applicant a clear review but that same applicant gets a red flag from international law enforcement groups, the country will deny granting citizenship by investment to that applicant.

Another reason why applicants can be refused second citizenship is if an applicant has been refused a visa from a country that the Caribbean countries have visa-free access to.

“When looking at countries which are top-rated, such as those in the Caribbean, we see that they are doing more in upscaling their programmes so that they are not just meeting minimum standards. Their CBI Units are always trying to achieve best practices by asking their due diligence agents on a regular basis how they can improve their risk-based approach, and how they can evaluate applicants better and they are actively involved in the due diligence process from beginning to end,” said Karen Kelly, director of strategy and development at Exiger at a due diligence webinar hosted by Financial Times’ publication, Professional Wealth Management (PWM) this year. “We find that countries who are already engaging top due diligence intelligence companies have consistent standards across their CBI programmes.”

For more information on Caribbean CBI programmes, their offerings and benefits, visit www.csglobalpartners.com.

PR CS Global Partners
CS Global Partners
+44 (0) 207 318 4343
mildred.thabane@csglobalpartners.com

GlobeNewswire Distribution ID 8719525

Synchronoss tem mais de 30 milhões de assinantes de mensagens com base em RCS no Japão

Que utilizam a Plataforma de Mensagens Avançadas Synchronoss, NTT DOCOMO, KDDI e Serviço de Mensagens Avançadas Entre Operadoras SoftBank que viabilizam que os usuários e marcas se comuniquem, interajam e negociem

BRIDGEWATER, N.J., Dec. 22, 2022 (GLOBE NEWSWIRE) — A Synchronoss Technologies, Inc. (“Synchronoss” ou a “Empresa”) (NASDAQ: SNCR), líder global e inovadora em nuvem, mensagens e produtos e plataformas digitais, anunciou hoje o lançamento de um novo marco no Japão para sua plataforma Synchronoss Advanced Messaging. Em colaboração com as operadoras móveis NTT DOCOMO, KDDI e SoftBank, o consórcio japonês agora tem mais de 32,5 milhões de assinantes do +Messaging, o serviço RCS entre operadoras alimentado pelo Synchronoss Advanced Messaging.

O marco atual representa um aumento de 62% de assinantes desde que a Synchronoss passou a observar o progresso da implantação do Consórcio Japonês do seu Rich Communications Service (RCS) em novembro de 2020.

Oferecendo um sistema de mensagens de texto com amplos recursos, o +Messaging permite que os usuários japoneses se comuniquem com amigos e familiares, além de fornecer a capacidade de interagir e se envolver com marcas e empresas com segurança.

O serviço +Messaging do consórcio tem por base o Synchronoss Advanced Messaging, uma completa plataforma e suíte de comércio móvel que permite que as operadoras ofereçam um ecossistema de mensagens avançado. O Synchronoss Advanced Messaging conecta marcas e provedores de conteúdo com assinantes, oferecendo novas maneiras de se comunicar e realizar transações comerciais.

“A sua adoção por mais de 30 milhões de assinantes do +Messaging no Japão confirma ainda mais o valor do RCS e como as operadoras móveis podem utilizá-lo para oferecer novos serviços geradores de receita”, disse Yosuke Morioka, Gerente Geral da Synchronoss no Japão. “Estamos prontos para trabalhar com a NTT DOCOMO, a KDDI e a SoftBank para explorar oportunidades de mercado adicionais para esta plataforma de tecnologia plena de recursos.”

Devemos destacar que o +Messaging está atualmente disponível para todas as marcas de telefones celulares das três operadoras e MVNO. Além disso, o serviço agora dá suporte à identificação pessoal pública (JPKI) com cartões My Number, permitindo que os usuários abram uma conta bancária ou usem um cartão de crédito com verificação fácil e segura da identidade via +Messaging, proporcionando experiências mais envolventes dentro do ecossistema móvel.

Sobre a Synchronoss

A Synchronoss Technologies(NASDAQ: SNCR) cria software que capacita empresas ao redor do mundo a se conectarem com seus assinantes de forma confiável e significativa. O conjunto de produtos da empresa ajuda a agilizar as redes, simplificar a integração e envolver os assinantes, permitindo novos fluxos de receita, redução dos custos e aumento da velocidade no mercado. Centenas de milhões de assinantes confiam nos produtos da Synchronoss que se mantêm em sincronia com as pessoas, serviços e conteúdo que elas gostam. Saiba mais em www.synchronoss.com.

Contato de Relações com a Mídia:
Domenick Cilea
Springboard
dcilea@springboardpr.com

Contato de Relações com Investidores:
Matt Glover / Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com

GlobeNewswire Distribution ID 8719420

Synchronoss annonce plus de 30 millions d’abonnés à des services de messagerie basés sur RCS au Japon

En s’appuyant sur la plateforme Synchronoss Advanced Messaging, NTT DOCOMO, KDDI et SoftBank fournissent un service de messagerie avancée inter-opérateurs permettant aux utilisateurs et aux marques de communiquer, d’interagir et de réaliser des transactions

BRIDGEWATER, New Jersey, 22 déc. 2022 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (« Synchronoss » ou la « Société ») (NASDAQ : SNCR), un leader mondial et innovateur en matière de produits et plateformes numériques, de messagerie et de cloud, a annoncé aujourd’hui un nouveau jalon au Japon pour sa plateforme Synchronoss Advanced Messaging. En collaboration avec les opérateurs mobiles NTT DOCOMO, KDDI et SoftBank, le consortium japonais prend désormais en charge 32,5 millions d’abonnés à +Message, le service RCS inter-opérateurs s’appuyant sur Synchronoss Advanced Messaging.

Le jalon actuel représente une augmentation de 62 % du nombre d’abonnés depuis que Synchronoss a remarqué la progression du déploiement par le consortium japonais de sa technologie Rich Communications Service (RCS) en novembre 2020.

Offrant un système de messagerie texte riche en fonctionnalités, +Messaging permet aux utilisateurs japonais de communiquer avec leurs amis et leur famille, en plus de la possibilité d’interagir et de s’engager avec des marques et des entreprises en toute sécurité.

Le service +Messaging du consortium s’appuie sur Synchronoss Advanced Messaging, une plateforme et suite de commerce mobile de bout en bout qui permet aux opérateurs de proposer un écosystème de messagerie avancée. Synchronoss Advanced Messaging connecte les marques et les fournisseurs de contenu avec les abonnés, offrant de nouvelles façons de communiquer et de réaliser des transactions commerciales.

« L’adoption de plus de 30 millions d’abonnés à +Messaging au Japon valide davantage la valeur de la technologie RCS et la manière dont les opérateurs mobiles peuvent l’utiliser pour proposer de nouveaux services générateurs de revenus », a déclaré Yosuke Morioka, directeur général de Synchronoss au Japon. « Nous sommes impatients de travailler avec NTT DOCOMO, KDDI et SoftBank afin d’explorer des opportunités commerciales supplémentaires pour cette plateforme technologique riche en fonctionnalités. »

Point important, +Message est actuellement disponible pour toutes les marques de téléphones portables des trois opérateurs et du MVNO. De plus, le service prend désormais en charge l’authentification personnelle publique (JPKI) avec des cartes My Number, permettant aux utilisateurs d’ouvrir un compte bancaire ou d’utiliser une carte de crédit avec une vérification de l’identité facile et sécurisée via +Message, offrant des expériences plus engageantes au sein de l’écosystème mobile.

À propos de Synchronoss

Synchronoss Technologies (NASDAQ : SNCR) est un développeur de logiciels permettant aux entreprises du monde entier de se connecter à leurs abonnés de manière fiable et pertinente. Sa gamme de produits contribue à rationaliser les réseaux, simplifier l’intégration et interagir avec les abonnés afin de créer de nouvelles sources de revenus, de réduire les coûts et d’accélérer la mise sur le marché. Plusieurs centaines de millions d’abonnés font confiance à Synchronoss pour rester en phase avec les individus, les services et les contenus qu’ils aiment. Pour en savoir plus, rendez-vous sur www.synchronoss.com.

Contact pour les relations avec les médias :
Domenick Cilea
Springboard
dcilea@springboardpr.com

Contact pour les relations avec les investisseurs :
Matt Glover/Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com

GlobeNewswire Distribution ID 8719420

South Africa prepares for huge demand for travel

PRETORIA— Passenger Rail Agency of South Africa (PRASA) Acting Group CEO Hisham Emeran has welcomed the huge demand for long-distance bus and train services as the agency gears up for holiday travel at various intermodal stations.

Emeran said the high volume of passengers is an indication that holiday travel is gradually returning to pre-pandemic levels.

“This is a huge relief for the business given the devastating blow we were dealt with during the COVID-19 pandemic. This is also an indication of the importance of intermodal passenger travel.

“As a business, we aspire for our stations to be convenient integrated one-stop facilities for travel, shopping, while providing for fast-food restaurants for people on the go. We also hope that our customers enjoy the new improvements at our stations and the retail experience,” he said.

During this season, between 200,000 and 300,000 people move through Park Station per day, making it one of the biggest and busiest stations on the continent.

“As a result, our intermodal stations, Park Station and Pretoria Station have ramped up their operational plans and improved terminal capacity to meet the pressure of the high volume of passengers especially in the last days leading-up to Christmas,” PRASA said.

In keeping up with the demands for long-distance bus travel, Park Station has created a new terminus for five new bus operators, bringing the total number of bus operators at the station to 24, while access points are being rehabilitated at Pretoria Station to alleviate traffic congestion.

“The increase in passengers also provides economic opportunities for informal traders and porters. Park Station remains a vital space to sustain the livelihoods and survival of the informal economy.

“Thus, plans have been put in place to manage and support porters and informal traders while ensuring a safe environment for passengers and patrons,” PRASA said.

Meanwhile, Park Station has welcomed more retailers for the convenience of last minute shopping for travellers and the general public.

“Patrons and travellers can also look forward to the festive look and feel of the station in celebration of Christmas and for their enjoyment. Visitors can also create meaningful Christmas memories as photo booths have been introduced at various parts of Park Station,” PRASA said.

Other plans include the maintenance and repairs of facilities, and the installation of eight brand new energy-efficient, high-tech, high-spec escalators at Park Station to ensure that travellers and patrons have a pleasant experience.

Source: NAM NEWS NETWORK

Financial contribution of Diaspora nationals

According to reports from Eritrean Embassies, Eritrean nationals in Israel and Kuwait contributed 1 million 200 Dollars towards various activities.

Heads of national associations in Israel conducted activity assessment meeting of 2022 and charted out programs for 2023 on 17 December.

At the meeting it was reported that nationals in Israel contributed 668 thousand Dollars for national development programs, 149 thousand in support of families of martyrs, 137 thousand for community activities and 130 thousand for various projects.

The national also expressed conviction to reinforce participation and contribution for the implementation of the charted-out program for 2023.

In the same vein, Ms. Aster Tesfay, a resident of Kuwait, congratulating the Eritrean people and its Defense Forces in connection with the New Year 2023 contributed 100 thousand Dollars.

Source: Ministry of Information Eritrea